- iOThree's (IOTR, Financial) F.R.I.D.A.Y Planned Maintenance System received class approval from ClassNK.
- The system offers cloud-based maintenance digitization, real-time data access, and carbon emissions reporting.
- ClassNK approval strengthens iOThree's position in maritime digitalization and regulatory compliance.
iOThree Limited (NASDAQ: IOTR) announced that its cloud-driven F.R.I.D.A.Y Planned Maintenance System (PMS) has secured class approval from ClassNK, a leading classification society known for its stringent maritime standards. This validation confirms the software's compliance with the functional requirements outlined in ClassNK’s "Guidance for the Survey and Construction of Steel Ships."
The F.R.I.D.A.Y PMS is designed to overhaul traditional maritime maintenance workflows, offering a lightweight, scalable platform that integrates seamlessly with existing vessel infrastructure. Key features include a carbon reporting module for monitoring emissions, which supports compliance with evolving environmental regulations and sustainability goals. The system’s cloud-first architecture reduces the need for extensive on-premise infrastructure, enabling shipowners to access critical data in real time, from any location.
ClassNK's approval underscores the system's potential to reduce crew workload and enhance information sharing between ship and shore operations, addressing a major challenge in maritime operations. Darryl See, Chief Technology Officer at iO3, emphasized that F.R.I.D.A.Y PMS empowers shipowners with a future-ready system that optimizes long-term asset reliability while simplifying maintenance processes.
This approval serves as a critical business milestone for iOThree, a company with a market cap of $25.4 million. In an industry where technology adoption depends heavily on regulatory compliance, ClassNK’s endorsement enhances iOThree's competitive edge, potentially accelerating market penetration and sales cycles.
As part of iO3's broader maritime ERP suite, the F.R.I.D.A.Y PMS offers a modular design that allows for incremental adoption, helping shipping companies lower implementation barriers. This aligns with iO3's strategy to position itself as a leader in next-generation maritime digitalization, advancing operational efficiency, resilience, and compliance.
